The proposed SDN would take stock of the current debate on the shape that monetary policy
should take after the crisis. It revisits the pros and cons of expanding the objectives of …

Why write a book on macroeconomic policies and their links to agriculture and food security
in developing countries? The food price spikes of the years just prior to 2010 and the …

1. Background and Purpose A forecasting and policy analysis system (FPAS) is a system of
tools and related processes designed to support forward-looking monetary policy …

VAR methods suggest that the monetary transmission mechanism may be weak and
unreliable in low-income countries (LICs). But are structural VARs identified via short-run …

Belarusian authorities contemplate transiting to inflation targeting. The paper suggests a
small structural model at the core of the forecasting and policy analysis system. A well …

Many central banks in low-income countries in Sub-Saharan Africa are modernising their
monetary policy frameworks. Standard statistical procedures have had limited success in …

This paper analyses the performance of the Central Bank of Kenya (CBK) in delivering on its
mandate since the organisation gained formal independence in the early-1990s. It utilises a …

Central Banks in sub-Saharan Africa (SSA) have made great progress over the past two
decades in stabilizing inflation, to single digits on average, in the context of greater central …

Uruguay has recently reverted to a money targeting (MT) framework in the context of a
disinflation strategy. We develop a quantitative model for monetary policy analysis …

Este trabajo documenta las características del Modelo de Proyecciones Macroeconómicas
(MPM), que permite realizar tanto pronósticos como simulaciones de variables …